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United Parcel Service (NEOE:UPS) Cyclically Adjusted Book per Share : C$1.38 (As of Mar. 2025)


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What is United Parcel Service Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

United Parcel Service's adjusted book value per share for the three months ended in Mar. 2025 was C$2.537. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$1.38 for the trailing ten years ended in Mar. 2025.

During the past 12 months, United Parcel Service's average Cyclically Adjusted Book Growth Rate was 18.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 23.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of United Parcel Service was 23.80% per year. The lowest was -16.10% per year. And the median was -4.75% per year.

As of today (2025-05-30), United Parcel Service's current stock price is C$12.70. United Parcel Service's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$1.38. United Parcel Service's Cyclically Adjusted PB Ratio of today is 9.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Parcel Service was 45.98. The lowest was 8.97. And the median was 19.04.


United Parcel Service Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Parcel Service's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Parcel Service Cyclically Adjusted Book per Share Chart

United Parcel Service Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.92 1.14 1.32

United Parcel Service Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.19 1.23 1.27 1.32 1.38

Competitive Comparison of United Parcel Service's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, United Parcel Service's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Parcel Service's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Parcel Service's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Parcel Service's Cyclically Adjusted PB Ratio falls into.


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United Parcel Service Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, United Parcel Service's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.537/134.9266*134.9266
=2.537

Current CPI (Mar. 2025) = 134.9266.

United Parcel Service Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.257 100.684 0.344
201509 0.275 100.392 0.370
201512 0.366 99.792 0.495
201603 0.351 100.470 0.471
201606 0.368 101.688 0.488
201609 0.394 101.861 0.522
201612 0.059 101.863 0.078
201703 0.079 102.862 0.104
201706 0.183 103.349 0.239
201709 0.206 104.136 0.267
201712 0.141 104.011 0.183
201803 0.193 105.290 0.247
201806 0.340 106.317 0.431
201809 0.449 106.507 0.569
201812 0.452 105.998 0.575
201903 0.515 107.251 0.648
201906 0.652 108.070 0.814
201909 0.820 108.329 1.021
201912 0.480 108.420 0.597
202003 0.512 108.902 0.634
202006 0.655 108.767 0.813
202009 0.819 109.815 1.006
202012 0.093 109.897 0.114
202103 0.988 111.754 1.193
202106 1.448 114.631 1.704
202109 1.679 115.734 1.957
202112 2.006 117.630 2.301
202203 2.136 121.301 2.376
202206 2.293 125.017 2.475
202209 2.502 125.227 2.696
202212 2.993 125.222 3.225
202303 3.053 127.348 3.235
202306 2.975 128.729 3.118
202309 2.911 129.860 3.025
202312 2.601 129.419 2.712
202403 2.560 131.776 2.621
202406 2.604 132.554 2.651
202409 2.560 133.029 2.597
202412 2.667 133.157 2.702
202503 2.537 134.927 2.537

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


United Parcel Service  (NEOE:UPS) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

United Parcel Service's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.70/1.38
=9.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Parcel Service was 45.98. The lowest was 8.97. And the median was 19.04.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


United Parcel Service Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of United Parcel Service's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


United Parcel Service Business Description

Address
55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, USA, 30328
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 65% of total revenue, while international package makes up 20%. Air and ocean freight forwarding and contract logistics make up the remainder.